Airless tires or non-pneumatic tires (NPT) operate without an inner tube & air pressure, and the composite spokes make a flexible ring that is connected to a solid inner hub to hold its shape. These tires have a rigid & complex construction, wherein a shear band is stretched across the spokes and the tread is attached to the shear band mounted on outside hub. An airless tire comprises treads, high-tension steel belts (protector ply, working ply, and transition ply), spokes, and a hub. Airless tires for two-wheelers and passenger cars are yet to be commercialized. However, penetration of airless tires is far higher in heavy commercial vehicles such as backhoes, cranes, and armored vehicles as compared to others. The tubeless tire market is expected to witness significant growth during the forecast period, owing to its advantages such as easy puncture repair, increased comfort for higher speed, lower tire pressure, better bump absorption, and reduced rotating weight as compared to conventional tires.

In addition to the aforementioned benefits, these tires prevent accidents due to blowouts and punctures, and ensure safety, which drives the market growth. Moreover, rise in number of heavy commercial vehicles, such as heavy-duty trucks, and heavy construction equipment due to urbanization and globalization boosts the growth. However, high capital investment required for setting up new manufacturing facilities and volatile raw material prices limit this growth. Irrespective of these challenges, rise in demand for airless tires in aftermarket and technological advancements, such as airless tire with advanced material, are expected to present various opportunities for market expansion.

The market segmentation is based on type, vehicle type, and geography. By type, the market is bifurcated into radial and bias airless tires. By vehicle type, it is divided into two-wheelers, passenger cars, and commercial vehicles.

The report provides quantitative analysis of the current trends and future estimations from 2017 to 2023 to identify the prevailing market opportunities.

Competitive intelligence of the industry assists to understand the competitive scenario across the geographies.

Automotive Airless Tire Market Key Segments:

By Type

Radial

Bias

By Vehicle Type

Two-wheelers

Light Commercial Vehicles

Heavy Commercial Vehicles

Passenger Cars

By Geography

North America

U.S.

Canada

Mexico

Asia-Pacific

China

Japan

India

Australia

Rest of Asia-Pacific

Europe

UK

Germany

France

Russia

Rest of Europe

LAMEA

Latin America

Middle East

Africa

Key Players

Bridgestone Corporation

The Goodyear Tyre & Rubber Company

Continental AG

MICHELIN

Pirelli Tyre S.p.A.

Sumitomo Rubber Industries, Ltd.

Hankook Tire Co. Ltd.

CST.

Yokohama Tire Corporation.

SciTech Industries

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